UNITED KINGDOM January 29 2016 3:35 PM
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices remained flat week-on-week at €323 per ton in the week ended January 22, as per the latest figures released by The Steel Index.
According to TSI, North European HR coil benchmark rebounded €5 a ton on Friday to finish at €323 a ton ex-works, flat week-on-week.
A number of bookings concluded later on in the week between €320-325 a ton with buyers indicating recent price hikes from steel producers had a small effect on latest purchase prices.
In Southern Europe, spot prices held steady at €290 a ton with Italian mills securing orders at this stable price level.
Market participants noted import offers were close to parity with domestic asking prices in Southern Europe, lending support to orders from local mills.